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Maryland $10,000 Automobile Insurance Fund Producer Bond

Want your bond tomorrow? Buy your bond now and choose overnight shipping at checkout.

Purchase your bond instantly online when you choose one of the 3 term options below. Save time and money by extending your bond term. Choosing a longer term now means you pay 25% less for your bond each year and forego the annual renewal process.

  • $100.00
    1 year term

  • $175.00
    2 year term - save $25.00!

  • $250.00
    3 year term - save $50.00!

Want your bond tomorrow? Buy your bond now and choose overnight shipping at checkout.

How much does a Maryland Automobile Insurance Fund bond cost?

A $10,000 Maryland Automobile Insurance Fund bond costs $100 per year and is issued instantly. You can also receive a 25% discount when you purchase for multiple years at checkout. For example, if you purchase the bond for two years, your bond would cost $175.

Simply click Buy Now to purchase your bond online via our secure bond checkout. In just a few minutes you can be on your way to getting your automobile insurance fund producer bond in Maryland.

Bond Type Bond Amount Cost
$10,000 Automobile Insurance Fund Producer Bond $10,000 $100

Why do I need a MAIF bond?

To become licensed as a Maryland Automobile Insurance agent or producer, applicants are required to submit a surety bond in the amount of $10,000. Maryland automobile insurance bonds expire after one year, so they must be renewed annually to keep an MAI license effective.

Section 20-511 of the Insurance Article, Annotated Code of Maryland, notes that this bond allows for the state or customers to file a claim against the principal (producer) in the case of financial loss due to the producer’s negligence or faulty business practices.

The Maryland Automobile Insurance Fund (MAIF) was founded by the Maryland State Legislature in 1972 and provides automobile liability insurance for Maryland residents who are unable to obtain any. In 2015, MAIF rebranded into MAI, or Maryland Automobile Insurance.

How to become an MAI licensed insurance agent

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To become a Maryland Auto Insurance authorized producer, the applicant must complete the online application. Before beginning the application, be sure to have the following documents ready to upload:

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Additional Resources

Maryland Automobile Insurance Homepage

Maryland Auto Insurance New Producer Application

Annotated Code of Maryland Section 20-511 of Insurance Article

Maryland Auto Insurance Producer Training